Guideline Value for Senthil Nagar 15th Cross Street

Senthil Nagar 15th Cross Street guideline value

The current guideline value of Senthil Nagar 15th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Senthil Nagar 15th Cross Street has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 64% increase from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Senthil Nagar 15th Cross Street.

• Senthil Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 16th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 16th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 15th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 15th Cross Street?

The Sub Registrar Office that covers Senthil Nagar 15th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kolathur

The guideline value is a crucial factor during the registration of properties in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value helps in ensuring that the transaction is recorded accurately and fairly in the official records.

When you buy or sell property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. Buyers and sellers should be aware of the current guideline value to ensure they comply with the registration requirements and avoid any legal issues.

Frequently asked questions

What is the current guideline value of Senthil Nagar 15th Cross Street?

The current guideline value of Senthil Nagar 15th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for Senthil Nagar 15th Cross Street?

The Sembiam Sub Registrar Office handles registrations for Senthil Nagar 15th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

Where can I find more information about other streets in Kolathur?

You can find information about other streets in Kolathur, including their guideline values, through the links provided in the guideline values section.